Comment Re:They're bums, why keep them around (Score 1) 743
Because the "big banks" you're talking about are primarily state-owned. So the tax payer is going to pay for them no matter what.
Actually not. Some of them are partially government-owned. That's a difference. It is now that all the debt is transferred to state-owned banks.
The only way a private bank or investor is going to give money to the Greek government is if he is reasonably assured by EU and/or German politicians ahead of time that he will be bailed out if Greece defaults.
Which is basically what happened.